Save thousands: Melbourne apartments you can buy without paying stamp duty
Whether you’re looking to purchase a new or existing home, first home buyers will be glad to know they can still take advantage of the Victorian Government’s stamp duty exemptions.
Unlike the NSW Government’s First Home Buyers Assistance scheme (FHBAS), the Victorian Government’s stamp duty-exempt thresholds are the same for both new and existing homes.
The exemption, which came into effect on July 1, 2017, abolishes stamp duty for first home buyers purchasing a property valued at $600,000 or less.
To assist you in your search, Urban takes a look at six apartments you can secure with no stamp duty payable, which could effectively erase barriers to home ownership for many.
1. 661 Chapel Street, South Yarra
Address: 661 Chapel Street, South Yarra VIC 3141
One-bedroom apartments from $546,000
661 Chapel Street is one of Melbourne’s latest luxury developments with 116 one, two, three and four-bedroom residences across 30 floors.
Developed by Gamuda Land and designed by Bird de la Coeur Architecture, among the project’s extensive hotel-inspired resident amenities is a concierge, gym, winter garden and members’ lounge, as well as a 25-metre pool and library.
2. Melbourne Quarter, Docklands
Address: 628 Flinders Street, Docklands VIC 3008
One-bedroom apartments from $458,000
Lendlease's Melbourne Quarter also lets first home buyers enjoy stamp duty savings whilst delivering a blinds package on brand-new, ready-to-move-in apartments.
Designed by the award-winning Fender Katsalidis, the project includes a hotel-style lobby, concierge and exclusive access to three whole floors of resort-style amenities at Club MQ, such as a multi-use space, pool, theatrette and library.
3. Moreville, Footscray
Address: 12-18 Napier Street, Footscray VIC 3011
Two-bedroom apartments from $595,000
Located at 12-18 Napier Street, Moreville boasts a collection of 43 apartments designed by Moull Murray Architects, offering open-plan floorplans, terraces and numerous amenities.
The residence’s façade has been inspired by Footscray’s traditional building styles, where contemporary design meets industrial chic. Sering Urban are developing the block.
4. Parkhill Apartments, West Melbourne
Address: 408 Spencer Street, West Melbourne VIC 3003
One-bedroom apartments from $479,000
Central Equity’s Parkhill offers buyers the chance to save up to $43,000 on stamp duty exemptions in the West Melbourne development.
The project developer is additionally matching the HomeBuilder Grant to save buyers $30,000.
Amenities offered alongside each residence include a rooftop gym for residents, a relaxing rooftop garden and a seven-day concierge service.
5. Sixth Avenue, Chelsea Heights
Address: 15 Sixth Avenue, Chelsea Heights VIC 3196
Two-bedroom townhouses from $599,000
First home buyers can still take advantage of the stamp duty concessions for brand new townhouses.
The 59-townhouse development, Sixth Ave, delivered by Aultun Group and designed by Point Architects, provides perfect bayside living with an endless array of retail, dining and recreational amenities, as well as two-storey designs and expansive private courtyards.
6. Magnolia at St. Boulevard, Melbourne
Address: 601 St Kilda Road, Melbourne VIC 3004
One-bedroom apartments from $555,000
Developed by the Shakespeare Group, St. Boulevard offers a multitude of exclusive facilities for its residents and among its three buildings is Magnolia.
The Elenberg Fraser-designed apartment delivers private kitchens and dining room, climate-controlled wine storage and a health club and spa featuring body jet showers, a sauna and steam rooms.
Designed around three signature trees, Magnolia, Anaca and Ginko, the residence presents a place to gather with friends or seek quiet moments of solitude.